Insurers add 3,300 jobs in December

Posted on: Friday, January 13, 2012

With the nation's payrolls expanding by 200,000 in December, some professionals may be wondering if jobs have been created for insurance agents. A.M. Best indicates that they have.

Collecting numbers from the Bureau of Labor Statistics, A.M. Best reports that the U.S. insurance industry added 3,300 jobs in December, a 3.3 percent uptick when compared to November. The last time insurers added the same number of jobs was in April.

On a year-over-year basis, the source reports the insurance industry is slightly ahead of December 2010's pace, with hiring activity up 0.39 percent.

Also on the upswing are wages for insurance agents. A.M. Best reports that insurance agents from virtually every sector saw weekly wages rise when compared to the same time period in December 2010. Reinsurance wages saw the most significant increase, up nearly 19 percent. Title insurance wages, meanwhile, fell nearly 16 percent.

While the economy overall may be struggling to recover, the latest report indicates insurers are establishing a more solid footing.

Posted In: Insurance News, Property & Casualty Insurance

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